SB2803 amends tax distribution rules for hotel operators in Illinois, affecting funds for tourism promotion and sports facilities.
SB2803 amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois to change how tax revenue from hotel operators is distributed. Beginning in Fiscal Year 2027, the Department will require convention and tourism bureaus to provide matching funds for grants, with the percentage of required matching funds varying by fiscal year. The bill also amends the Hotel Operators' Occupation Tax Act and the Illinois Sports Facilities Authority Act to modify the distribution of tax revenue.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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